Know Your Options ...Protect Your Rights.    
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Know Your Options ...Protect Your Rights.    
Serving the Western District of Wisconsin 
715-835-7779
Chapter 13 Bankruptcy

Chapter 13 Bankruptcy Help

FREE Consultations | 45+ Years of Experience | Locally Owned

FREE Consultations 
 35+ Years of Experience 
Locally Owned

Reorganize Your Debt With Chapter 13

Our attorneys, Even Swenson and Mart Swenson, and the staff of the Swenson Law Group have built a strong reputation for protecting the rights of clients ethically and competently while strictly specializing in bankruptcy and debtor / creditor law while giving your case the personal attention it needs. 

You should consider Chapter 13 if you have fallen behind on your mortgage, car payments or owe back taxes to the government. Chapter 13 bankruptcy may be your best option to catch up on these obligations and reorganize your debt. 

If you think filing Chapter 13 bankruptcy is right for you, contact attorney Evan Swenson, for your FREE case evaluation. 
Bankruptcy

When to Consider Chapter 13

Filing Chapter 13 bankruptcy allows debtors the ability to cure all arrearages (payments you have fallen behind on) on your:
  • Mortgage
  • Car loan
  • Taxes
  • Domestic support obligations (such as alimony or child support)
Chapter 13 bankruptcy is also a good choice for you if want to keep property that you would otherwise lose in Chapter 7 bankruptcy. In Chapter 13 bankruptcy, you keep your property and repay some or all your debts over a three- to five-year period. 

You and Your attorney, will establish your Chapter 13 repayment plan. The plan details what debts you repay, how much you pay each month during the repayment period and what happens to your debts at the end of your case.
Bankruptcy

Additional Reasons You May Want to File for Chapter 13

  • You owe more on your house than it is worth, usually due to a second or third mortgage
  • You either earn too much money (income exceeds what is allowed if you were to file Chapter 7 bankruptcy), you have too many assets or have too many debts that are non-dischargeable
  • You're facing foreclosure and desperately want to keep your house but are unable to become current on your arrearages
  • You don't feel comfortable about not paying back at least some of your debts toward unsecured creditors and want to make some attempt at doing so
  • You have co-signers which you want to protect from collection efforts
Bankruptcy

How Chapter 13 Bankruptcy Works?

It's income versus allowable expenses. The Chapter 13 plan is based on your disposable income, meaning the difference between your net income and allowable expenses. This means it is possible, for example, to have $200,000 in debt and make monthly payments of only $150 for 60 months. Using this calculation, you are only paying approximately 4.5% of your debt level.

The key to remember is that your monthly payments are based on your disposable income, not your debt level. Each case has circumstances which are different, but this example highlights the possibilities. You may realize that exploring Chapter 13 bankruptcy is a critical part of your financial planning. 
Bankruptcy

Minimizing Your Monthly Payments

The key to maximizing the benefit of Chapter 13 bankruptcy is knowing how to minimize your monthly payments. This requires a strong understanding of how the process works and how the local trustee works. 

In a very real sense, Chapter 13 bankruptcy is a part art form, part financial strategy, part legal expertise and part salesmanship.

There are a host of strategies that you can employ to minimize your payments, which makes consulting with an attorney critical. Having qualified legal guidance can help determine the appropriate length and amount to be paid back during Chapter 13 plan, based on your individual circumstances.

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DISCLOSURE: The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.
Bankruptcy
Is Chapter 13 bankruptcy the most appropriate debt relief option in your case? 

Call us at 800-934-0334 for a FREE consultation.  
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